Problem $2$:

REQUIRED:

From the account balances listed below, prepare a schedule of cost of goods manufactured for the Perez Manufacturing Company for the month ended December $31.$

$\backslash$table$[[,],[,50,000],[$Raw Materials Inventory, December $31,25,000],[$Direct Labor $---------------------------------,70,000],[$Work In Process Inventory, December $1--,20,000],[$Work In Process Inventory, December $31-,30,000],[,5,000],[\backslash$table$[[$Indirect Labor $------------------------],[$Factory Supervisory Salaries $------]],15,000],[\backslash$table$[[$Factory Supervisory Salaries$],[$Factory Depreciation Expense$]],10,000],[,5,000]]$